Mumbai: A change in the methodology to calculate the Price to Book (PB) ratio has led to this key valuation measure shrinking for the benchmark Nifty. The PB ratio of the Nifty on Friday dropped by nearly 20%from 4.31 on September 28 to 3.45 on September 29. Essentially, this has made Nifty’s valuations cheaper on … Read more
NEW DELHI: With Nifty trading above its long-term average PE multiple, valuations in India have turned undoubtedly challenging, says Christopher Wood, global head of equity strategy at Jefferies. “If Asia looks better in aggregate on comparative valuations, there is one market where valuations are undoubtedly challenging. That is GREED & fear’s long-term favourite, India. The … Read more
The Nifty50 might have risen 10 per cent in the last six months, but half its constituents are still quoting at valuations below long-term averages. They included , , , Dr Reddy’s Labs and , among others. Many of these stocks are a ‘buy’, with analyst price targets, as per Trendlyne, suggesting 10 per cent … Read more